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Pika7993

Buy support analysis

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Pika7993  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Fundamental Analysis USDCAD DXY Relative Strength Index (RSI) support Support and Resistance
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trendanalysis indicator fundamental usdcad dxy relativestrengthindex support supportandresistance
Finding Key support at 1.27500 with technical indicators correcting for pivot continuation.

Furthermore DXY is finding huge support at 91.000 telling is to trade in USD favor.

MACD/SIGNAL is looking to make initial cross for increased momentum towards 0 lone. This will help RSI breach resistance to push for overbought zone.

Take profit at next key resistance (1.28700) while watching for a pivot at channel resistance (1.28400). Stop loss will be a breach of key support (1.27500)

Please comment with thoughts and ideas. Thank you.
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